Silicone Elastomers Market Share, Growth, Opportunities 2030
Silicone Elastomers Market Share, Growth, Opportunities 2030
Segments - Global Silicone Elastomers Market by Type (Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others), by Application (Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others), and Region (North America, Asia Pacific, Europe, Latin America, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028
Upcoming
| Report ID :MC-4773
| 4.5 Rating
| 82 Reviews
| 239 Pages
| Format :
Report Description
Silicone Elastomers Market Market Outlook:
The Global Silicone Elastomers Market was estimated at USD 5,656.8 Million in 2020 and is anticipated to reach USD 9,295.4 Million by 2028, expanding at a CAGR of 6.4% during the forecast period.
Silicone elastomers are made by combining reactive, straight-chained molecules with a cross-linking agent and reinforcing to produce a material with high mechanical characteristics (elasticity, absorption, tear strength). Linear polymers, reinforcing agents, a crosslinker, and a catalyst are used to make silicone elastomers. The basic straight-chain molecule's type, viscosity, and processing temperature substantially affect the types of elastomers that are formed.
Silicone elastomers are employed in high-performance Applications, especially when conventional polymeric materials are expected to fail. When subjected to a broad range of temperatures (from -50°C to 250°C) or intense outdoor exposure, parts manufactured of silicone elastomers rubber offer extended durability and dependability (humidity, UV, Ozone). Their dielectric houses and thermal resistance are ideal to insulate and defend digital systems, which includes protection from excessive voltage lines.
Macro-economic Factors
GDP
The world has undergone severe changes since the COVID-19 pandemic started. This pandemic had drastic effects on the supply chain of the silicone elastomers producing and manufacturing companies in the global industry, followed by ficant monetary losses and a substantial decrease in revenue. At the starting phase of the pandemic, manufacturing companies were facing difficulties, owing to the increasing risk of shortage of raw materials required for production.
Population
The global population is growing rapidly. In the current scenario, the demand for silicone elastomers is rising among end-user industry verticals such as automotive, construction and others. Special functions and attributes of silicone elastomers originated from its specific molecular structure, thus creating both inorganic and organic properties in comparison to different organic rubbers.
Inflation
The average inflation rate with respect to consumer price percentage is changing by 4.6% in 2020. The price percentage is estimated to be valued at 3.9%, according to IMF data.. As the purchasing power decreases, this tends to raise inflation, producing a potentially disastrous feedback loop. Thus, inflation is expected to pose a negative impact on the market.
Silicone Elastomers Market Market Dynamics
Market Driver
Increasing utilization in automotive industry
The rising usage of silicone elastomers in automotive sector is expected to propel the market in the coming years. For instance, increase in sales of the automotive industry by under 70 million units in 2021. In addition, silicone elastomers are used in producing spark plug boots, gaskets, ignition cables, connector seals, turbocharger hoses, and silicone wiper blades. Furthermore, they have various self-adhesive characteristics such as thermal, tear, and friction resistance. This results into ficant usage of silicone elastomers in several industries including healthcare, construction, and others across the world.
Rising use of silicone elastomers in construction sector
Silicone elastomers including fluorosilicone rubber, fluorosilicone rubber, and others are used in several Applications in construction industry such as encapsulating compounds, potting, adhesives & sealants, and coating, due to its ability to bond to metal and weathering properties of silicone elastomers. Hence, demand for silicone elastomers is rising in the construction sector.
Governments are taking initiatives for increasing the construction of residential homes for providing proper housing facilities to the increasing population. These initiatives aid in raising the demand for sealants and adhesives in the residential construction sector, which is expected to drive the silicone elastomers market in the coming years.
Market Restraint
Several disadvantages related to silicone elastomers
One of the major factors which is hampering the growth of the silicone elastomers market is the disadvantages related to silicone elastomers. They are expensive as compared to rubber and other substances. Silicone elastomers are little sticky to the touch of their herbal nation. This results into attaching the dust and other particles to them and giving rougher look. Low tearing power of silicone rubber and lack of abrasion resistance and natural strength are some disadvantages that are hindering the growth of the silicone elastomers market.
Poor chemical compatibility
Silicone elastomers have poor chemical compatibility, which is projected to restraint the market growth over the forecast period. In spite of widespread adaptability, in few conditions and packages the silicone elastomers are carried out poorly and have harmful reactions. For instance, it is not immersed in gasoline or alcohol, its curing is hindered with the help of sulfur, latex, and some other compounds. Hence, precautions need to be taken in the process having a chemical environment before using the silicone elastomers, which is anticipated to hamper the market growth in the coming years.
Scope of Silicone Elastomers Market Report
The report on the global Silicone Elastomers market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
|
Attributes |
Details |
|
Report Title |
Silicone Elastomers Market– Global Industry Analysis, Size, Share, Growth, Trends, and Forecast |
|
Base Year |
2020 |
|
Historic Data |
2018–2019 |
|
Forecast Period |
2021–2028 |
|
Segmentation |
Type (Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others), Application (Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others) |
|
Regional Scope |
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa |
|
Report Coverage |
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast |
|
Key Players Covered |
CHT Germany GmbH, Elkem ASA, KCC CORPORATION, The Dow Chemical Company ("Dow"), Momentive, Wacker Chemie AG, Innovative Silicone, ARCO Silicone, Nano Tech Chemical Brothers Private Limited, Shenzhen Tensan CO., LTD., STOCKWELL ELASTOMERSICS, INC |
Silicone Elastomers Market Segmental Outlook
Based on types, the Silicone Elastomers market is segmented into Liquid Silicone Rubber, High Consistency Rubber, Fluorosilicone Rubber, Others. The high consistency rubber segment is expected to drive the market, owing to factors such as high resistance to heat, cold, and other extreme weather, as well as superior electrical properties. High-consistency rubber silicones see extensive use in diverse industries. Healthcare, in particular, uses this silicone variant in medical device manufacturing.
On the basis of applications, the market is fragmented into Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others. The automotive segment is expected to drive the market, due to the development of technologies in the automotive industry to increase safety, comfort, and fuel efficiency in automobiles.
Silicone elastomers have long been utilized in the production of spark plug boots, connection seals, and, more recently, fluorosilicone intake manifold gaskets, turbocharger hoses, and silicone wiper blades for automobiles. Because of their advantages in terms of heat resistance, low-temperature features, and electrical characteristics, silicone elastomers are utilized in a variety of automobile parts.
Silicone Elastomers Market Regional Outlook
Based on regions, the market is separated into five regions, namely, North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. The market in North America held a significant share of the market during the forecast period.
Europe is expected to drive the market, owing to factors such as increasing urbanization and industrialization, expanding vehicle industry, and rising demand for cosmetics.
Asia Pacific is expected to emerge as a rapidly-growing and large market for silicone elastomers, as a result of increased car manufacturing in the region, which drives the demand for silicone elastomers in the region. Automobile production in countries such as Malaysia, Japan, Taiwan, and India increased, which raised the demand for silicone elastomers in the region.
Key Benefits for Industry Participants & Stakeholders
- In-depth Analysis of the Global Silicone Elastomers Market
- Historical, Current and Projected Market Size in terms of Value
- Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
- Industry Drivers, Restraints, and Opportunities Covered in the Study
- Recent Industry Trends and Developments
- Competitive Landscape & Strategies of Key Players
- Neutral Perspective on Global Silicone Elastomers Market Performance
Segments
By Type
- Liquid Silicone Rubber
- High Consistency Rubber
- Fluorosilicone Rubber
- Others
By Applications
- Automotive
- Healthcare
- Electronics
- Apparel
- Medical Devices
- Home Repair & Hardware
- Construction
- Others
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Key Market Players Profiled in the Report
- CHT Germany GmbH
- Elkem ASA
- KCC CORPORATION
- The Dow Chemical Company ("Dow")
- Momentive
- Wacker Chemie AG
- Innovative Silicone
- ARCO Silicone
- Nano Tech Chemical Brothers Private Limited
- Shenzhen Tensan CO., LTD.
- STOCKWELL ELASTOMERSICS, INC
Competitive Landscape
- Manufacturers operating in the global Silicone Elastomers market include CHT Germany GmbH, Elkem ASA, KCC CORPORATION, The Dow Chemical Company ("Dow"), Momentive, Wacker Chemie AG, Innovative Silicone, ARCO Silicone, Nano Tech Chemical Brothers Private Limited, Shenzhen Tensan CO., LTD., STOCKWELL ELASTOMERSICS, INC.
- Market Players are pursuing key strategies such as acquisitions, collaborations, and geographic expansion where a potential opportunity arises for the Silicone Elastomers market.
Frequently Asked Questions
Additional company profiles can be provided on request
According to this Growth Market Reports report, the Silicone Elastomers market is likely to register a CAGR of 6.4% during the forecast period 2020-2028, with an anticipated valuation of USD 9,295.4 Million by the end of 2028.
In addition to market size (in US$ Million) Company Market Share (in % for the base year 2020), and Impact of Key Regulations.
Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.
Increasing utilization in automotive industry, Rising use of silicone elastomers in construction sector, Growing Applications in cosmetic and non-public care, Growing government expenditure is bolstering the medical & healthcare sector is expected to drive the growth for the market over forecast period.
The global Silicone Elastomers market was slightly impacted by the covid-19, owing to the disruption in the supply chain and limitations in the cross broader transaction.
Automotive, Healthcare, Electronics, Apparel, Medical Devices, Home Repair & Hardware, Construction, Others are the major end-users of Silicone Elastomers.
The base year considered for the Global Silicone Elastomers Market report is 2020. The complete analysis period is 2018 to 2028, wherein, 2018, and 2019 are the historic years, and the forecast is provided from 2021 to 2028.
GDP, Population, Inflation, Production and Supply, Government Regulations are the macroeconomic factors which affect the market.
Major manufacturers include CHT Germany GmbH, Elkem ASA, KCC CORPORATION, The Dow Chemical Company (
Table Of Content
Chapter 1 Executive SummaryChapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Silicone Elastomer Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Silicone Elastomers Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Silicone Elastomers Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Silicone Elastomers Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Silicone Elastomers Market Size & Forecast, 2015-2030
4.5.1 Silicone Elastomers Market Size and Y-o-Y Growth
4.5.2 Silicone Elastomers Market Absolute $ Opportunity
4.6 Silicone Elastomers Market: Impact of Key Regulation
Chapter 5 Global Silicone Elastomers Market Analysis and Forecast By Types
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities By Types
5.1.2 Basis Point Share (BPS) Analysis By Types
5.1.3 Absolute $ Opportunity Assessment By Types
5.2 Silicone Elastomers Market Size Forecast By Types
5.2.1 Liquid Silicone Rubber
5.2.2 High Consistency Rubber
5.2.3 Fluorosilicone Rubber
5.2.4 Others
5.3 Market Attractiveness Analysis By Types
Chapter 6 Global Silicone Elastomers Market Analysis and Forecast By Application
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities By Application
6.1.2 Basis Point Share (BPS) Analysis By Application
6.1.3 Absolute $ Opportunity Assessment By Application
6.2 Silicone Elastomers Market Size Forecast By Application
6.2.1 Automotive
6.2.2 Healthcare
6.2.3 Electronics
6.2.4 Apparel
6.2.5 Medical Devices
6.2.6 Home Repair & Hardware
6.2.7 Construction
6.2.8 Others
6.3 Market Attractiveness Analysis By Application
Chapter 7 Global Silicone Elastomers Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Silicone Elastomers Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Silicone Elastomers Analysis and Forecast
9.1 Introduction
9.2 North America Silicone Elastomers Market Size Forecast by Country
9.2.1 U.S.
9.2.1.1 U.S. Silicone Elastomers Market Size Forecast By Types market size & Volume
9.2.1.2 U.S. Silicone Elastomers Market Size Forecast By Application market size & Volume
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Silicone Elastomers Market Size Forecast By Types
9.6.1 Liquid Silicone Rubber
9.6.2 High Consistency Rubber
9.6.3 Fluorosilicone Rubber
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis By Types
9.8 Absolute $ Opportunity Assessment By Types
9.9 Market Attractiveness Analysis By Types
9.10 North America Silicone Elastomers Market Size Forecast By Application
9.10.1 Automotive
9.10.2 Healthcare
9.10.3 Electronics
9.10.4 Apparel
9.10.5 Medical Devices
9.10.6 Home Repair & Hardware
9.10.7 Construction
9.10.8 Others
9.11 Basis Point Share (BPS) Analysis By Application
9.12 Absolute $ Opportunity Assessment By Application
9.13 Market Attractiveness Analysis By Application
Chapter 10 Europe Silicone Elastomers Analysis and Forecast
10.1 Introduction
10.2 Europe Silicone Elastomers Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Silicone Elastomers Market Size Forecast By Types
10.6.1 Liquid Silicone Rubber
10.6.2 High Consistency Rubber
10.6.3 Fluorosilicone Rubber
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis By Types
10.8 Absolute $ Opportunity Assessment By Types
10.9 Market Attractiveness Analysis By Types
10.10 Europe Silicone Elastomers Market Size Forecast By Application
10.10.1 Automotive
10.10.2 Healthcare
10.10.3 Electronics
10.10.4 Apparel
10.10.5 Medical Devices
10.10.6 Home Repair & Hardware
10.10.7 Construction
10.10.8 Others
10.11 Basis Point Share (BPS) Analysis By Application
10.12 Absolute $ Opportunity Assessment By Application
10.13 Market Attractiveness Analysis By Application
Chapter 11 Asia Pacific Silicone Elastomers Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Silicone Elastomers Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Silicone Elastomers Market Size Forecast By Types
11.6.1 Liquid Silicone Rubber
11.6.2 High Consistency Rubber
11.6.3 Fluorosilicone Rubber
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis By Types
11.8 Absolute $ Opportunity Assessment By Types
11.9 Market Attractiveness Analysis By Types
11.10 Asia Pacific Silicone Elastomers Market Size Forecast By Application
11.10.1 Automotive
11.10.2 Healthcare
11.10.3 Electronics
11.10.4 Apparel
11.10.5 Medical Devices
11.10.6 Home Repair & Hardware
11.10.7 Construction
11.10.8 Others
11.11 Basis Point Share (BPS) Analysis By Application
11.12 Absolute $ Opportunity Assessment By Application
11.13 Market Attractiveness Analysis By Application
Chapter 12 Latin America Silicone Elastomers Analysis and Forecast
12.1 Introduction
12.2 Latin America Silicone Elastomers Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Silicone Elastomers Market Size Forecast By Types
12.6.1 Liquid Silicone Rubber
12.6.2 High Consistency Rubber
12.6.3 Fluorosilicone Rubber
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis By Types
12.8 Absolute $ Opportunity Assessment By Types
12.9 Market Attractiveness Analysis By Types
12.10 Latin America Silicone Elastomers Market Size Forecast By Application
12.10.1 Automotive
12.10.2 Healthcare
12.10.3 Electronics
12.10.4 Apparel
12.10.5 Medical Devices
12.10.6 Home Repair & Hardware
12.10.7 Construction
12.10.8 Others
12.11 Basis Point Share (BPS) Analysis By Application
12.12 Absolute $ Opportunity Assessment By Application
12.13 Market Attractiveness Analysis By Application
Chapter 13 Middle East & Africa (MEA) Silicone Elastomers Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast By Types
13.6.1 Liquid Silicone Rubber
13.6.2 High Consistency Rubber
13.6.3 Fluorosilicone Rubber
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis By Types
13.8 Absolute $ Opportunity Assessment By Types
13.9 Market Attractiveness Analysis By Types
13.10 Middle East & Africa (MEA) Silicone Elastomers Market Size Forecast By Application
13.10.1 Automotive
13.10.2 Healthcare
13.10.3 Electronics
13.10.4 Apparel
13.10.5 Medical Devices
13.10.6 Home Repair & Hardware
13.10.7 Construction
13.10.8 Others
13.11 Basis Point Share (BPS) Analysis By Application
13.12 Absolute $ Opportunity Assessment By Application
13.13 Market Attractiveness Analysis By Application
Chapter 14 Competition Landscape
14.1 Silicone Elastomers Market: Competitive Dashboard
14.2 Global Silicone Elastomers Market: Market Share Analysis, 2021
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 CHT Germany GmbH
14.3.2 Elkem ASA
14.3.3 KCC CORPORATION
14.3.4 The Dow Chemical Company ("Dow")
14.3.5 Momentive
14.3.6 Wacker Chemie AG
14.3.7 Innovative Silicone
14.3.8 ARCO Silicone
14.3.9 Nano Tech Chemical Brothers Private Limited
14.3.10 Shenzhen Tensan CO., LTD.
14.3.11 STOCKWELL ELASTOMERSICS, INC.
Methodology
Related Reports
Some other reports from this category!
Our Clients
